AT&amp;T Chairman and CEO Randall Stephenson waved an iPhone as he was interviewed yesterday by Carlyle Group co-founder David Rubenstein at the spring luncheon of the Economic Club of Washington, D.C.:

We carry around these devices and they're bigger than they should be, because there's a lot of computing in here, there's a lot of storage in here. When you get to 5G, all that computing, all that storage goes away — it's back in the network. These form factors, some would say they shrink.

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US mobile carriers are racing to invest in the next big thing in wireless — 5G — but the lack of user understanding of the standard will prevent carriers from reaping the benefits of their new network technology. Over four-fifths (81%) of consumers don’t have an understanding of 5G or what it means...